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EU Approves €90 Billion Loan for Ukraine's Resilience

12/20/2025

Summary

EU Leaders Support Ukraine

EU leaders agreed to provide Ukraine a €90 billion loan over next two years, borrowing from capital markets rather than frozen assets.
The decision was announced on December 19, 2025, after Belgium raised concerns over legal risks of the Russian funds.
Ukrainian President Volodymyr Zelensky expressed gratitude for the loan's importance to Ukraine's resilience.
The EU will discuss a reparations loan based on Russian assets while the assets remain frozen.

Summary

Orban Rejects Asset Seizure

Viktor Orban, Hungary's prime minister, said proposals to use frozen Russian assets for Ukraine's reparations are dead.
He opposes further funding for Ukraine and seeks peace.
Belgium, Italy, and Bulgaria expressed concerns about legal risks of asset seizure.
Kaja Kallas, EU chief diplomat, hopes revised proposals address concerns and secure a reparations loan ahead of the European Council, as Ukraine could face funding shortages by 2026.

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EU Leaders Support Ukraine

EU leaders agreed to provide Ukraine a €90 billion loan over next two years, borrowing from capital markets rather than frozen assets.
The decision was announced on December 19, 2025, after Belgium raised concerns over legal risks of the Russian funds.
Ukrainian President Volodymyr Zelensky expressed gratitude for the loan's importance to Ukraine's resilience.
The EU will discuss a reparations loan based on Russian assets while the assets remain frozen.

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